Real Estate Investing: Some Effective Strategies For Beginners

Residential property value has been on an upwards trajectory in recent years, and as such, it’s safe to say that one of the best ways to grow your wealth right now is through real estate investments. According to RealWealth, in 2007, around 66% of investors primarily focused on the stock market. That figure fell to 50% in 2020, with the majority of Millennials preferring real estate investments instead.

With that said, the world of real estate investments is a diverse and varied one. There are a number of ways and strategies one can use to grow their money, and for someone who’s just started investing, this can be overwhelming.

To help you make an ideal start as a real estate investor, we’ve put together a list of effective investing strategies.  

So, let’s jump right into it.

Live-In-Flip

This strategy is quite simple in how it works: you purchase a home for a low price, move into it, make the necessary repairs and renovations, and sell it for a premium after two years. The beauty of this strategy lies in the fact that you’re not liable to pay taxes on profits until they exceed $250,000. And if you and your spouse file jointly, that figure goes up to $500,000. Many investors who are successful today started their journey with this strategy and made millions in the initial stages of their career. Here’s an example.

House Hacking

If you’re starting off your real estate investment career with limited capital, this strategy can be great for you. It involves purchasing a property, like a duplex or triplet with extra space to rent out, and using to it generate income, while living in it.

When you have made enough money from the property, you can switch up to one with a higher value, and repeat the process.

Fix and Flip

This is perhaps the most popularly used and well-known strategy among real estate investors. It simply involves finding and buying a cut-price property that needs to be repaired, fixing it, and selling it for the highest price possible. If you’ve watched the house-flipping shows on HGTV, you know exactly what we’re talking about.

If you’re looking to sell your house for cash in Ohio, get in touch with Integrity Residential Solutions LLC. Contact them today and sell your home fast in Akron, Canton, or Cleveland, Ohio.

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